California

Harbor Associates, Farallon Capital Acquire 280,000 SF Yorba Linda Commerce Center in California

by Amy Works May 19, 2026

YORBA LINDA, CALIF. — A joint venture between Harbor Associates and Farallon Capital Management has purchased Yorba Linda Commerce Center, a small-bay industrial campus in Yorba Linda, in an off-market transaction valued at $81 million. The seller was a private family that had owned the property for more than 30 years. Located at 3910 Prospect Ave., Yorba Linda Commerce Center features 280,000 square feet of industrial space spread across 10 single- and multi-tenant buildings featuring 83 units ranging in size from 1,200 square feet to 24,000 square feet. Each unit includes office space, clear heights up to 22 feet, ground-level doors, ample electrical capacity, LED lighting and updated HVAC systems. Built in 1987, the asset was 98 percent leased at closing. Gary Martinez of Ashwill Associates represented the seller in the transaction. Shaun Moothart, Bob Ybarra and Andrew Post of CBRE represented Harbor in securing a $56 million fully funded loan that was provided by an affiliate of QuadReal Property Group with Brandon Bachner leading the financing on behalf of QuadReal.

May 19, 2026

Affordable Housing California Development Loans Multifamily Western

Seachange Partners Receives $15.6M in Construction Financing for Two Affordable Housing Projects in Los Angeles

by Amy Works May 19, 2026

LOS ANGELES — Seachange Partners has received $15.6 million in nonrecourse construction financing for two affordable multifamily developments in Los Angeles. Keith Rosso and Jeremy Kanter of Berkadia arranged the financing through Genesis Capital, a private Los Angeles-based residential construction lender. Located at 1723 Corinth Ave. and 3751 Delmas Terrace, the two five-story properties will deliver a combined 79 units of deed-restricted affordable housing. Construction is underway, with completion slated for 2027. Seachange Partners was founded in 2024 by Kyle Jenkins and Cameron Whiting. To date, the firm has initiated four affordable housing development projects in the greater Los Angeles area. The Corinth Avenue and Delmas Terrace developments are Seachange’s inaugural projects.

May 19, 2026

Acquisitions California Retail Western

CBRE Brokers $6.2M Sale of Harbor Central Retail Center in West Sacramento

by Amy Works May 19, 2026

WEST SACRAMENTO, CALIF. — CBRE has arranged the sale of Harbor Central, a neighborhood retail center in West Sacramento. A subsidiary of CJ Park & Associates acquired the asset from Harbor Corners LLC for $6.2 million. Randy Getz and Rick Martinez of CBRE represented the seller in the deal. Located at 805-831 Harbor Blvd., Harbor Central features 22,198 square feet of retail space that was built in 1992 on 1.7 acres. Current tenants include Vista Paint, Domino’s, Subway and Raku Sushi.

May 19, 2026

California Development Mixed-Use Western

Lendlease, Aware Super Open Habitat Mixed-Use Campus in Los Angeles

by Amy Works May 18, 2026

LOS ANGELES — Lendlease, in joint venture with Aware Super, has opened Habitat, a two-building live-work-thrive campus in Los Angeles. Located at 3411 S. La Cienega Blvd., the campus includes Habitat Residences, a 12-story residential building, and a six-story, 260,000-square-foot creative office building. Designed by SHoP Architects, with Steinberg Hart acting as architect of record, the buildings are situated on a 3.5-acre campus. The residential component includes 260 studio, one- and two-bedroom apartments and penthouses on the top two floors. Apartments include quartz countertops, full quartz backsplashes, full-height windows and balconies or terraces in 50 percent of the units. Community amenities include a resort-style deck with an outdoor pool, spa, shaded cabanas, grilling stations and al fresco dining areas, a rooftop bookable dining room and outdoor terrace and an indoor-outdoor fitness center. The property also includes a fleet of Habitat-branded e-bikes for residential use, coworking space, a social lounge, media room, library, dedicated storage, pet spa, dog run and dining room with planned chef demonstrations, wine tastings and seasonal pop-ups. Kelly Wearstler and Jules Wilson Design Studio designed the interiors of the residential building. The office portion includes 40,000-square-foot to 50,000-square-foot floor plates, 14-foot floor-to-floor heights and private terraces, as …

May 18, 2026

California Development Loans Multifamily Office Western

Silicon Valley Initiative Partnership Receives $74.1M in Financing for Office-to-Residential Conversion Project in San Jose

by Amy Works May 18, 2026

SAN JOSE, CALIF. — Silicon Valley Initiative Partnership has received $74.1 million in financing for the conversion of the historic Bank of Italy building, located at 12 S. 1st St. in downtown San Jose, into a mixed-use residential and retail property. Deutsche Bank provided the financing. Originally constructed in 1926, the 13-story office tower will be transformed into a 126,000-square-foot multifamily and commercial space. The residential portion will feature 109 studio, one- and two-bedroom, market-rate apartments complemented by a fitness center, lounge and an outdoor terrace. Dave Karson, Chris Moyer, Alex Lapidus and Chris Meloni of Cushman & Wakefield arranged the financing on behalf of of the borrower.

May 18, 2026

Acquisitions California Multifamily Western

WMC Commercial Buys Upland Village Green Multifamily Property in California for $48.5M

by Amy Works May 18, 2026

UPLAND, CALIF. — WMC Commercial Properties has purchased Upland Village Green, a multifamily community in Upland, from an undisclosed seller for $48.5 million. Kevin Green, Joseph Grabiec, Chris Zorbas and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Upland Village Green features 24 residential buildings with electronic access entry gates, a swimming pool, spa and sundeck. Apartments feature open floor plans, private patios or balconies and illuminated ceiling fans.

May 18, 2026

California Company News Connecticut Industrial Northeast Top Stories Western

Sachem Capital, IRG Enter Into Agreement to Create $3.4B Industrial REIT

by Taylor Williams May 18, 2026

BRANFORD, CONN. AND LOS ANGELES — Sachem Capital Corp. (NYSE: SACH), a Connecticut-based real estate finance company, and Los Angeles-based Industrial Realty Group (IRG) have entered into a definitive contribution agreement to form a new industrial REIT with a market value of $3.4 billion. The deal is expected to close by the end of the year. Under the terms of the agreement, IRG will contribute 98 industrial properties from its portfolio of 200 assets to Sachem. Once complete, the newly formed company will operate as IRG Realty Trust Inc. (IRGT) and is expected to have an industrial portfolio with a gross real estate asset value of $2.9 billion. In addition, the new company will carry Sachem’s approximately $470 million (as of March 31, 2026) in direct and indirect mortgage loans, investments in developmental and owned real estate and other assets. The transaction values Sachem’s common shares at $2 per share, representing a 90 percent premium to the company’s 30‑day volume weighted average price. Upon closing, IRGT Inc. will focus on mission‑critical industrial infrastructure that supports manufacturing and distribution users. Assets that are not being contributed will continue to be owned and operated by IRG’s existing private business. “This accretive transaction …

May 18, 2026

California Industrial Market Reports Western Western Market Reports

LA’s Industrial Market Stabilizes After Record Highs

by John Nelson May 16, 2026

— Matt Moore and Wes Hunnicutt of Stream Realty Partners — The Los Angeles industrial real estate market is stabilizing after a historic run of record-high rents and the all-time-low vacancy seen in 2022 and 2023. Pandemic-driven demand pushed users to take on additional space at a rapid pace, with supply chain concerns forcing tenants to carry more inventory. As the pandemic subsided, the market began a softening period in 2024 through early 2025. This brought about a massive rent correction as tenants began to give back space and right-size their operations. Stabilization has begun, however, and most investors feel the market has found its bottom and is beginning to rebound at a normalized, moderate pace. Vacancy rates at the peak were less than 2 percent in a market with nearly 1 billion square feet of inventory, while rates hit $1.85 per square foot (triple net) in early 2023. Los Angeles’ industrial market has now settled at about 6 percent and $1.43 per square foot, which most would consider healthy. Today, tenants have options when looking for larger blocks of space, and they’re no longer forced to pay record-high rents with minimal concessions from landlords. Third-party logistics providers have continued …

May 16, 2026

Acquisitions California Industrial Western

JLL Arranges Sale of 365,774 SF Industrial Portfolio Near Los Angeles Across Two Separate Transactions

by Amy Works May 15, 2026

LOS ANGELES — JLL Capital Markets has arranged the sale of Project Bronco, a multi-submarket industrial portfolio in Los Angeles’ San Gabriel Valley and Orange County submarkets. EQT Real Estate and Berkeley Partners each acquired separate assets from the 365,774-square-foot portfolio through distinct closings. Patrick Nally, Ryan Spradling, Evan Moran, Makenna Peter and Shae Vomund of JLL Capital Markets represented the undisclosed seller in both transactions.

May 15, 2026

Acquisitions California Retail Western

Hanley Investment Group Negotiates $12.2M Sale of Single-Tenant Retail Property in Madera, California

by Amy Works May 15, 2026

MADERA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera. The property spans 4,644 square feet and is occupied by a 7-Eleven convenience store and gas station, with commercial diesel fueling lanes. This transaction marks the highest‑priced, single‑tenant 7‑Eleven property ever sold in California and the first and only 7‑Eleven location in the city, according to Hanley Investment Group. Sean Cox and Bill Asher of Hanley Investment Group represented the seller and developer, Clovis, Calif.-based Stock Five Development Inc. Dev Patel of Kidder Mathews represented the buyer, a private investor from the San Francisco Bay Area.

May 15, 2026

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